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Liberia: Millions Spent at Ministry Of Finance & Development Planning Without Supporting Documents – General Auditing Commission Audit Report


Liberia: Millions Spent at Ministry Of Finance & Development Planning Without Supporting Documents – General Auditing Commission Audit Report
Liberia: Millions Spent at Ministry Of Finance & Development Planning Without Supporting Documents – General Auditing Commission Audit Report
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MONROVIA – The General Auditing Commission audit of the Ministry of Finance and Development Planning Special  Accounts at the Central Bank of Liberia (CBL) for the fiscal periods  2012/2013 to 2017/2018   released to the National Legislature December 31, 2020 shows that millions of United States and  Liberian dollars were deposited in the special accounts established by Government to serve as Macroeconomic intervention tools for settlement of Government’s outstanding commitments, and the fiscal stabilization of the Liberian Economy was withdrawn at different time intervals without supporting documents. ....

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Myth of the rainy day pot of gold


Winnipeg Free Press
By: Tom Brodbeck
| Posted: 7:00 PM CST Friday, Dec. 18, 2020
Opinion
The opposition NDP wants the provincial government to dip into its rainy day fund to help pay for pandemic-related costs.
The opposition NDP wants the provincial government to dip into its rainy day fund to help pay for pandemic-related costs.
It seems like a reasonable request: times are tough, businesses are going under, and personal care homes are being ravaged by COVID-19. If there’s a savings account with hundreds of millions of dollars in it, isn’t this the time to spend it?
The problem is, the demand is based on fiction: Manitoba doesn’t have a separate pot of money that can be used as revenue during lean times. ....

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